Sellersville Triplex Investment
350 ELMHURST Avenue Sellersville, PA 18960
350 ELMHURST Avenue, Sellersville, PA, 18960
$750,000
For Sale
$750,000
MULTI_FAMILY - Other - SELLERSVILLE, PA
Property Size3,360 SF
Lot Size0.41 Acres
Price / SF$223.21
Days on Market50
Property Features for 350 ELMHURST Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 10
- Parking features
- Driveway, Garage - Attached
- Fireplace
- 1
- Standard status
- Active
- Size
- 3,360 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7937
Utilities
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1990
- Number of units
- 3
- Building materials
- Frame, Brick, Vinyl Siding
- Architectural style
- Other
Listing Agency
Realty Mark Associates
(215) 376-4444
2250 Terwood Drive, Southampton, PA
Listed by
Nisan Miah · License #RS375158
(267) 399-6225
Added: May 30 Checked: Jul 17 at 11:06 pm
MLS# PABU2121854
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained three-unit triplex is an excellent investment opportunity located in Sellersville Borough, within the Pennridge School District. All units are currently occupied by long-term tenants, providing a strong income-producing property with future upside potential. It is suitable for both investors and owner-occupants. The main first-floor unit features hardwood flooring, a brick fireplace with hearth, two carpeted bedrooms with ceiling fans, and access to a front porch. The galley kitchen includes abundant cabinetry and a rear entrance to the yard and attached garage. This unit also has full use of Garage #1 with electric opener and access to the full basement with washer and dryer hookups. Units 2 and 3 are accessed from the rear stoop. Unit 2 mirrors the main unit and features carpeting throughout, ceiling fans, spacious closets, and a galley kitchen with electric cooking and ample cabinet storage. The primary bedroom includes double closets and a full bath with tub shower combination. Unit 3 is a one-bedroom apartment located above the garage, including a walk-in closet, carpeting, galley kitchen with generous cabinet space, and in-unit washer and dryer. Additional features include a new driveway with parking for up to 8 vehicles, attached garage, public water and sewer, and convenient access to shopping, schools, library, and major commuter routes. The property sits on a 0.4132-acre lot and has a property size of 3360 square feet. The owner has obtained township approval to convert the garage into an additional two-bedroom unit.
Key Highlights
- Three‑unit triplex built in 1990 with all units currently occupied by long‑term tenants
- Main first‑floor unit includes hardwood flooring, brick fireplace with hearth, front porch access, and two carpeted bedrooms with ceiling fans
- Unit 3 is a one‑bedroom apartment above the garage with a walk‑in closet, galley kitchen, and in‑unit washer and dryer
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.2k | $23.28 |
| − Vacancy | −$2.6k | −$0.77 |
| EGI | $75.6k | $22.51 |
| − OpEx | −$34.0k | −$10.13 |
| NOI | $41.6k | $12.38 |
3,360 SF · lease $23.28/SF/yr · vacancy 3.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$594.3K
$520.0K – $693.4K
NOI $41,602 @ 7.0% cap · market cap 5.55%
Second Best
Multifamily LT 5
$569.5K
$498.3K – $664.5K
NOI $39,867 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$1.02M
$891.4K – $1.19M
NOI $71,310 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Well-maintained triplex in Sellersville with long-term tenants and income potential.
Where is this triplex located?
The property is located at 350 ELMHURST Avenue Sellersville, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1990 with all units currently occupied by long‑term tenants; Main first‑floor unit includes hardwood flooring, brick fireplace with hearth, front porch access, and two carpeted bedrooms with ceiling fans; Unit 3 is a one‑bedroom apartment above the garage with a walk‑in closet, galley kitchen, and in‑unit washer and dryer
